Latest News & Key Transactions
August 2018 - Cambridge House, Bath
Cambridge House, Bath was sold to a UK property fund for £20.85m. The income at date of sale was £1.028mm which reflects a net initial yield of 4.65% The property was fully let and all value-add initiatives had been completed.
March 2018 – Kenwyn, Truro
Six of the 14 houses being built at Truro already exchanged – the buyers love the combination of period detailing to the exterior and modern open plan interiors.
October 2017 – Euro Car Parts, Kingsteignton Trading Estate, Newton Abbott
Completed the letting of Unit C2A to national retailer Euro Car Parts for 4,045 sq.ft. Euro Car Parts took a 10 year lease over the unit at a rent equivalent to £8.65 sq.ft.
May 2017 – Interface Business Park, Wootton Bassett
Completed the purchase of two warehouse/datacentre units totaling 115,433sqft. There is a secure income of £650,000 p.a. with uplifts from the tenants, Virgin Media & Swiss Post, who have lease expiries in 2026 & 2024 respectively.
March 2017 – Clarendon Business Centers, Cambridge House, Bath
A lease to Clarendon Business Centers completed for the entire South Block offices of 14,000 sq.ft. Clarendon have taken a 10 year lease and will open in July following a comprehensive refurbishment of the plant and floor plates. Clarendon are a well-established service office provider with over 10 business centers across the UK.
February 2017 – Anytime Fitness, Cambridge House, Bath
Following successfully securing change of use, a letting completed to Anytime Fitness for ground floor units 3,4 & 5 totaling 6,000 sq.ft. Anytime Fitness took a 20 year lease (without breaks) and will provide a 24hr Gym service to users and members.
March 2017 – Kenwyn, Truro
Work has now started on site for the construction of fourteen houses: the first phase is due to complete before Christmas 2017 with the 4 bedroomed detached houses prices starting at £550,000 and the 3 bedroomed semi-detached houses starting a £375,000.
March 2017 – Halfords Autocentres, Kingsteignton Trading Estate, Newton Abbott
Completed the letting of Unit D2 to national retail Halfords for 3,485 sq.ft. Halfords took a 5 year lease over the unit at a rent equivalent to £8.60 sq.ft.
January 2017 – Topps Tiles, Kingsteignton Trading Estate, Newton Abbott
Completed the letting of Unit C2B to national retailer Topps Tiles for 4,200 sq.ft. Topps Tiles took a 5 year lease over the unit at a rent equivalent to £8.40 sq.ft.
Compassion in World Farming
Maybrook sponsored the ‘Stop The Machine’ Campaign launch at the Natural History Museum. Compassion in World Farming seek to end all factory farming practices. The Pop – Up campaign high lights the cruelty that intensive farming inflicts on farm animals, and the resulting damage to our soil, our wildlife and our planet. 70 billion animals are raised for food each year, two out of three being factory farmed, at a huge cost to the animal, the environment, to our health and to our planet
Home Start Guildford
Raising the next generation is important to Maybrook and we are regular supporters of Home Start Guildford, a charity which helps families needing support during difficult periods of the lives.
We are committed to doing our part in limiting carbon emissions from our buildings. We intend to generate clean electricity with photo voltaic cells whenever possible. To install LED lighting and ensuring our insulation is of the best standard wherever possible. We intend to expand and improve on the above together with keeping abreast of the latest innovations in building techniques that can be applied to protect the world we live in. Maybrook Properties is promoting ‘green’ energy within its portfolio: solar panel installations are proposed at Bath and Send, Surrey. These works will ensure none of the properties in the portfolio will have an EPC rating below D.